Common use of RESIGNATION OR RETIREMENT OF DIRECTOR Clause in Contracts

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Issuer, it will promptly: (a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Issuer; (b) nominate another person willing to act in the relevant capacity; and (c) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Master Issuer, it will promptly: (a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Master Issuer; (b) nominate another person willing to act in the relevant capacity; and (c) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Ninth Issuer, it will promptly: (aA) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Ninth Issuer; (bB) nominate another person willing to act in the relevant capacity; and (cC) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Sixth Issuer, it will promptly: (a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Sixth Issuer; (b) nominate another person willing to act in the relevant capacity; and (c) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Eighth Issuer, it will promptly: (a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Eighth Issuer; (b) nominate another person willing to act in the relevant capacity; and (c) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Sixth Issuer, it will promptly: (aA) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Sixth Issuer; (bB) nominate another person willing to act in the relevant capacity; and (cC) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Eighth Issuer, it will promptly: (aA) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Eighth Issuer; (bB) nominate another person willing to act in the relevant capacity; and (cC) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Issuer, it will promptly: (aA) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Issuer; (bB) nominate another person willing to act in the relevant capacity; and (cC) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Third Issuer, it will promptly: (a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Third Issuer; (b) nominate another person willing to act in the relevant capacity; and (c) procure the consent of that other person to act in that capacity.

RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of the Seventh Master Issuer, it will promptly: (aA) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Seventh Master Issuer; (bB) nominate another person willing to act in the relevant capacity; and (cC) procure the consent of that other person to act in that capacity.